June 15, 2026
The Nigerian naira maintained relative stability against the United States dollar at both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market as traders monitored foreign exchange liquidity and demand conditions at the start of the new trading week.
Latest data available from the Central Bank of Nigeria’s exchange rate portal showed the naira closing around ₦1,363.83 per dollar at the official NFEM window, reflecting only marginal movements compared to recent trading sessions. The official market has largely traded within the ₦1,360 range in recent days, supported by ongoing reforms and improved foreign exchange supply.
In the parallel market, commonly known as the black market, the dollar traded at about ₦1,395 per dollar, according to market data trackers and bureau de change indicators. This leaves a gap of roughly ₦31 between the official and parallel market rates.
The naira has shown signs of stability in recent weeks, with official market rates fluctuating within a relatively narrow band. Earlier market reports indicated the currency traded around ₦1,360.55/$ at the NFEM, while parallel market rates hovered between ₦1,400 and ₦1,405 per dollar.
